Bitcoin’s ‘healthy drop’: How low could it really go?

Also: Meta vs. Competitors: Is Freedom of Speech Just for Show?

GM. Enjoy this: a freshly squeezed version of cryptocurrencies, scrambled and served without pulp fiction.

🇨🇦 BlackRock is launching its BTC ETF in Canada.

🧳 Tether moves to El Salvador.

🍋 News: Meta is allegedly blocking links to competitors, Sony’s blockchain is live, and more

🍍 Taste of the market today

Markets are like little children: one minute they’re napping and being cute, the next they’re coughing in your face and wiping snot on your couch.

The Fear and Greed Index remains at Greed, even after bitcoin Yesterday it quickly sank close to $90,000..

Some analysts see a drop to $70k aheadand Fundstrat Capital’s Tom Lee thinks could even touch $50 thousand (what he calls normal for a hypervolatile asset) before recovering.

BitVault Co-Founder Francesco Madonna Agrees We may see $70,000 or even $65,000, but we think $50,000 is off the table.. Because? He noted that we are in a bull market, where big declines like this simply don’t happen unless there is an extreme event, like a black swan.

Either way, Lee says dips like this could be the perfect opportunity for investors to get their hands on BTC at a discount, and it looks like some institutions are already putting that idea into action. Italy’s largest bank Intesa Sanpaolo bought 11 BTC for about $1 millionmaking them the first Italian bank to invest directly in cryptocurrencies.

And what’s next? All eyes on him CPI (Consumer Price Index) inflation data will fall tomorrow. It is an indicator that shows how the prices of everyday items change over time and affect the Federal Reserve’s decisions about interest rates. Here is the chain reaction:

• High inflation? Central banks could raise rates to slow things down.

• Higher rates? Traditional investments like bonds look more attractive than riskier things like Bitcoin.

Warning: When CPI data falls, markets tend to become more choppy. But Lee advises taking a cooling pill – Don’t stress about the short-term ups and downs and look at the big picture.

So, do we call this a tantrum or just…another Tuesday? Either way, I’m willing to give it a timeout.

🥝 Harvest of memecoins

Some memecoins are here writing comeback stories bigger than Hollywood 🍿

	Name		24H change
	Moby AI moby		▲ 52K%
	momo MOMO		▲ 31K%
	Mack the Meowing Cat MACK		▲ 7K%
	Xiaohongshu Paofu Cat PAOFU		▲ 4K%

Data as of 06:20 am EST.

Check out these memecoins and many more here.

Do you remember COVID-19? How did it destroy the world? Well, don’t panic, but another virus is spreading…

is he Bitcoin bug, baby 🤪 And Canadians, be careful: it’s coming for you.

BlackRock Is Launching Its Superstar Bitcoin ETF on Cboe Canada.

This means that Canadian investors will soon get easy access to iShares Bitcoin Trust (IBIT)generating $37 billion in net receipts since its launch in January 2024.

So, It’s already killingand now they’re taking it to a market that’s not new to cryptocurrencies: Canada was the first country to launch a physically settled Bitcoin ETF in 2021. (basically, like, yeah, ahem, BULLISH).

And this isn’t just a win for BlackRock and Canada, it’s a win for all of us:

• Bitcoin legitimacy = increased ✅

• Institutional money = flowing in ✅

• Global crypto ecosystem = stronger ✅

Oh, by the way, I forgot to mention: the side effects of that mistake can include FOMO. Be ready.

remember how talk later What do you think about El Salvador becoming the access point for cryptocurrencies?

Well, we have updates. And they are proving that point.

Tiethe issuer of USDTis move to el salvador after obtaining a license to operate as a digital asset service provider and stablecoin issuer.

in your advertisementTether touted the country’s pro-cryptocurrency policies and a Bitcoin-savvy population.

TL;DR: El Salvador is not just joining the cryptocurrency party – They are helping to throw it away 😎

🍋 News drops

⛔️ Meta is reportedly blocking links to Pixelfield, a decentralized Instagram rival. The irony? Just a few days ago, they pledged their commitment to freedom of expression. Right, right, right, right….

📫 US Senator Elizabeth Warren sent an open letter to Donald Trump’s Treasury pick, Scott Bessent. Her message was clear: if he takes office, she wants stricter crypto rules.

🤖 The Biden administration’s push to restrict AI chip exports doesn’t sit well with the tech community: Critics warn it could push countries toward China instead of the United States.

⚖️ The U.S. Court of Appeals for the Third Circuit said the SEC’s refusal to consider Coinbase’s request for clearer rules was unfair. While the court sided with Coinbase on that point, it did not force the SEC to clarify the rules.

🚀 Sony’s Soneium Mainnet is live. It is a Layer 2 network built on top of Ethereum, designed to power gaming, finance and entertainment applications, all on a single platform.

🧃 Sip of knowledge

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By the way, your BitDegree routine is now 10x spicier – Season 7 Airdrop is LIVE! 🚀

How does it work? I’m glad you asked:

• Earn Bits by completing Missions and inviting your friends;

• More bits = larger portion of the Prize pool of $30,000.

Simple? Simple. There is no time to waste: every bit counts and let’s face it: you won’t let some random beat you to the top of the leaderboard (… are you? 🤨)

Go get it, champ! 🏆

🍌 Juicy memes